Approximately 4.5 million barrels of oil have been launched from the Strategic Petroleum Reserve (SPR) in response to Hurricane Harvey’s impact on nationwide gasoline availability. Three million barrels of the reserves will attain Marathon Petroleum Corp and one other 500,000 bpd will attain Valero Energy Corp. from the reserves on the Bayou Choctaw website, based […]
Federal officers ought to launch gasoline from the Strategic Petroleum Reserve to stop fuel costs from rising within the wake of Hurricane Harvey, Democratic Senator Edward Markey from Massachusetts advised President Donald Trump in a letter on Wednesday. “An immediate release of gasoline or crude oil, if also warranted, from the SPR would help protect […]
Industry fears market will grow to be weak as soon as Beijing curtails its stockbuilding SOURCE: Oil & Gas – Read complete story here.
Near-term volatility is more likely to be dampened as soon as once more as individuals revert to purchasing the dip. Shorting volatility by shopping for call spreads on the SVXY index is a safer asymmetrical play than being outright short VIX futures..SOURCE: Equities feed – Read whole story here.
President Trump warned that America’s “strategic patience” with North Korea has run out, a rhetorical escalation amid growing U.S. strain on China to rein in its smaller neighbor. SOURCE: Yahoo News – Latest News & Headlines – Read complete story here.